Answer:
4
Step-by-step explanation:
800+5=805
4000÷805=4.9689441
Answer:
9.694 years
Step-by-step explanation:
Let the investment is $P.
So, we are asked to determine the time it will grow to triple with the compound interest rate of 12%.
Let the time is y years.
So, from the formula of compound interest we can write
⇒
⇒
Now, taking log both sides we get,
y log 1.12 = log 3 {Since,
}
⇒ 0.04922y = 0.477712
⇒ y = 9.694 years (Answer)
Answer:
45/8
Step-by-step explanation:
Answer:I might be wrong but im pretty sure the answer is 5.4
Step-by-step explanation: